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Fake gold scam hits Hong Kong goldsmiths
Yahoo News ^
| Thu Dec 2, 1:38 am ET
Posted on 12/02/2010 5:07:12 AM PST by DeaconBenjamin
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To: DeaconBenjamin
The Luk Fook GroupThey got Fooked and are out of Luk.
2
posted on
12/02/2010 5:09:24 AM PST
by
csvset
To: DeaconBenjamin
There is reason to believe a lot of US Treasury gold is also tungstun-core.
3
posted on
12/02/2010 5:11:20 AM PST
by
Lazamataz
(Lowering Kristinn's IQ since May 21, 1999)
To: DeaconBenjamin
4
posted on
12/02/2010 5:11:31 AM PST
by
tet68
( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
To: Lazamataz
Yep. Can’t imagine why the supply hasn’t been audited in close to two decades.
To: Ghost of Philip Marlowe
Yep. Can’t imagine why the supply hasn’t been audited in close to two decades.Aw, come on, dude. You can imagine.
6
posted on
12/02/2010 5:14:02 AM PST
by
Lazamataz
(Lowering Kristinn's IQ since May 21, 1999)
To: DeaconBenjamin
The fakes are difficult to detect by sight or touch Curious...If it looks the same and feels the same does it turn green(or tarnish or whatever)?
7
posted on
12/02/2010 5:22:17 AM PST
by
Malsua
To: DeaconBenjamin
...discovered at least 200 ounces of fake bullion -- worth about 280,000 US dollars -- so far this year.Waidaminnute...If it's FAKE, then wouldn't its value be, uh, NOTHING?!
To: DeaconBenjamin
1,000 or 2,000 years ago there was a test which was to bite the coin. Gold is soft enough that one leaves bite marks when this is done. I wonder if the tooth feel is the same.
9
posted on
12/02/2010 5:31:54 AM PST
by
coloradan
(The US has become a banana republic, except without the bananas - or the republic.)
To: Malsua
“Curious...If it looks the same and feels the same does it turn green(or tarnish or whatever)?”
....I was wondering the same thing...I would have thought that gold would be impossible to fake...after all this kind of thing has been going on for thousands of years.
To: Malsua
Curious...If it looks the same and feels the same does it turn green(or tarnish or whatever)?
To: DeaconBenjamin
China can make a fake of anything.
12
posted on
12/02/2010 5:35:08 AM PST
by
PGR88
To: Oshkalaboomboom
“mong the fakes was a specimen with pure gold coating “
To: DeaconBenjamin
14
posted on
12/02/2010 5:39:39 AM PST
by
DocRock
(All they that TAKE the sword shall perish with the sword. Matthew 26:52 Gun grabbers beware.)
To: coloradan
“1,000 or 2,000 years ago there was a test which was to bite the coin. Gold is soft enough that one leaves bite marks when this is done. I wonder if the tooth feel is the same.”
That only works if you’re dealing with pure gold. But gold coins these days have alloys mixed in to make them hard...so not a chance of biting in.
15
posted on
12/02/2010 5:48:20 AM PST
by
BobL
To: Lazamataz
There is reason to believe a lot of US Treasury gold is also tungstun-core.In much the same way that there is reason to believe the moon landings were faked and the Queen of England had a baby with the pope.
16
posted on
12/02/2010 5:50:30 AM PST
by
dead
(I've got my eye out for Mullah Omar.)
To: BobL
But gold coins these days have alloys mixed in to make them hard Not the ones I buy, but then biting them would lower their value.
17
posted on
12/02/2010 5:55:22 AM PST
by
palmer
(Cooperating with Obama = helping him extend the depression and implement socialism.)
To: dead
18
posted on
12/02/2010 5:57:34 AM PST
by
ExGeeEye
(Freedom is saying "No!" to the Feds, and getting away with it. "Speak 'NO' to Power!")
To: Lazamataz
"...reason to believe a lot of US Treasury gold is also tungstun..."--and even more reason for us to believe the SOP is that US ingots are tested by more than just "sight or touch". If you don't think so then maybe you could offer to sell them a couple of really good solid gold ingots super cheap and then see what happens...
To: Ghost of Philip Marlowe
It’s not easy to audit. Take a brick of Tungsten and coat it with 1/4” of gold. It has the same density and weight. You need to look beyond the 1/4” to see the difference.
How?
I doubt X-rays will penetrate far enough. Drilling is destructive and time consuming.
20
posted on
12/02/2010 6:19:26 AM PST
by
RossA
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